Reasons behind Samir Arora's gamble on defunct Internet giants Paytm and Zomato

India may lag behind China for 6-12 months if the US doesn't crash and China continues to thrive, but I expect the country to post growth of over 15% this year nonetheless. When the years are good, the returns are above average, at 13%-14%-15% annually. Samir Arora, CEO & Fund Manager of ...

BABA KA DHABA LISTED ON ZOMATO

HIGHLIGHTS

• The story of an elderly couple running food stall called Baba Ka Dhaba went viral on social media.
• Customers are thronging the food stall now.
• Now many popular food delivery apps are listing Baba Ka Dhaba in their catalogue of re...

ALIBABA GROUP TO SHY AWAY FROM INDIAN STARTUPS MOMENTARILY

• China’s largest e-tailer, Alibaba Group is done with investing in Indian startups for the time-being at least, amidst geo-political conflicts arising from border skirmishes.
• The Chinese group which has investments worth around $2 billion lying in Indian startups has come ...

ZOMATO LOSES $100 MILLION FUNDING FROM CHINESE INVESTORS

Highlights:

• In January, Zomato had raised $150 million from Alibaba affiliate Ant Financial as a part of larger funding round.
• Ant Financial has invested already around $560 million in Zomato and has a stake of more than 25 percent in the company...

SINGAPORE TEMASEK ANNUAL REPORT WILL BE OUT IN SEPTEMBER

HIGHLIGHTS

• Singaporean shareholder state organization said its portfolio owners have yet not filled in the portfolio details due to the global halt over pandemic
• Hence, it announced in a Facebook post to reveal its report till September

‘AMAZON FOOD' THE NEWEST ONLINE FOOD DELIVERY SERVICE IN INDIA

Highlights

• Amazon India’s app is showing that the service is live in selected areas in the Bengaluru

• Amazon has partnered with Box8, Faasos, Mad Over Donuts, Paradise Biryani and Fresh Menu

• Amazon Food aims at contactless delivery from hygi...

DELHI’S E-TOKEN PORTAL FOR ALCOHOL PURCHASE CRASHES AFTER HEAVY DEMAND

Highlights

• In order to tackle overcrowding, the Delhi state government has launched an online portal which provides an e-token which allows buyer to purchase liquor from nearest shop at a specific time

• Delhi government had previously imposed ‘Special Corona...

DELHI: PIZZA DELIVERY BOY FOUND CORONAVIRUS POSITIVE

As per South Delhi Magistrate BM Mishra, a delivery boy belonging to a famous pizza brand in Malviya nagar area has found positive of coronavirus on Tuesday, after this the authorities in South Delhi immediately took decision to quarantine over 16 people who worked with him and have also asked 72...